Should public know a/c balance of rich individuals, banks ask SC

Solicitor general Tushar Mehta and senior advocate Mukul Rohatgi, appearing for SBI and HDFC Bank, respectively, told a bench of Justices S Abdul Nazir and Krishna Murari that banking operations and financial transactions, including the details of individual accounts, are held in confidence by the banks and that the SC judgment would seriously jeopardise the confidential clauses applicable to the banking operations under various statutes.

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